Pictures say a thousand words, Xali Gold is making major headway to further exploration in Mexico and Peru.
Xali Gold's San Dieguito de Arriba plant operating
2024-02-01 10:26 ET - News Release
Ms. Joanne Freeze reports
XALI GOLD CONFIRMS SDA PLANT IN MEXICO IS OPERATIONAL AND COMMENCES BULK SAMPLE TESTING
Mexican company Grupo Minero WIYA (WIYA) has made the required repairs to get Xali Gold Corp.'s San Dieguito de Arriba (SDA) plant in Nayarit, western Mexico, operational and WIYA is conducting bulk sample testing at the SDA plant.
"We are excited to have the SDA plant up and running again," says Joanne Freeze, president and chief executive officer of Xali Gold. "WIYA has quickly managed to start the bulk sample program and while they iron out usual commissioning bugs and are processing bulk samples from their own mine, we are now in discussions with WIYA to form a joint venture and evaluate other opportunities for higher value materials (especially with more gold) from other mines in the area. Longer term, once we have steady cash flow, we will also evaluate more exploration opportunities at the same mines as well as in other parts of Mexico, Latin and South America."
More details about the SDA plant, including photos from the ribbon cutting ceremony, can be found on the company website.
Photos of SDA Operation
As per the Xali Gold news release dated Dec. 18, 2023, the company signed an agreement with WIYA whereby WIYA agrees to pay $150,000 (U.S.) per month for 10 months and upon completion of paying a total of $1.5-million (U.S.), WIYA would have the right to own the SDA plant, however discussions are now continuing to change these terms into a joint venture and operate the plant together for shared profits. Currently, Magellan Acquisition Corp. and the company each own 50 per cent of the SDA plant.